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In conjunction with the Ohio Treasurer’s office, Hancock Federal Credit Union is pleased to offer Ohio Homebuyer Plus to our members. Ohio Homebuyer Plus makes specialized, tax-advantaged savings accounts available to Ohioans to assist them on their homebuying journey. Individuals who open an account through this program will have access to above-market interest rates that will help them to save and grow their money faster.
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Ohio Homebuyer Plus Requirements
- To qualify for enhanced interest savings through an Ohio Homebuyer Plus account, an eligible accountholder must:
- be a resident of the State of Ohio
- be at least 18 years of age
- have a primary residence in the State of Ohio
- only use the account proceeds toward the down payment or closing costs of a home purchase in Ohio
- Accounts connected with Ohio Homebuyer Plus must be used within five years, maintain a minimum balance of at least $100, and cannot exceed a maximum balance of $100,000.
Account Type |
Minimum Opening Deposit |
Dividend Rate |
APY* |
Ohio Homebuyer Plus |
$100 |
5.059% |
5.16% |
Open an account today at Hancock Federal Credit Union!
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Upon clicking the OK button at the bottom of this window you are leaving the Hancock Federal Credit Union’s website and are entering a site that is not hosted or operated by the credit union. Please be advised that you will no longer be subject to, or under the protection of the privacy and security policies of our website. HFCU does not represent either the third party or you, the member, if you enter into a transaction. We encourage you to read and evaluate the privacy and security policies of the site which you are entering which may be different than those of ours. If you have read and understand these terms please click OK to continue.
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Please note: Individuals are required to review the Ohio Homebuyer Plus participation statement prior to opening an account through the program.
x
Upon clicking the OK button at the bottom of this window you are leaving the Hancock Federal Credit Union’s website and are entering a site that is not hosted or operated by the credit union. Please be advised that you will no longer be subject to, or under the protection of the privacy and security policies of our website. HFCU does not represent either the third party or you, the member, if you enter into a transaction. We encourage you to read and evaluate the privacy and security policies of the site which you are entering which may be different than those of ours. If you have read and understand these terms please click OK to continue.
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x
Upon clicking the OK button at the bottom of this window you are leaving the Hancock Federal Credit Union’s website and are entering a site that is not hosted or operated by the credit union. Please be advised that you will no longer be subject to, or under the protection of the privacy and security policies of our website. HFCU does not represent either the third party or you, the member, if you enter into a transaction. We encourage you to read and evaluate the privacy and security policies of the site which you are entering which may be different than those of ours. If you have read and understand these terms please click OK to continue.
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*APY=Annual Percentage Yield. APY subject to change without notice.
The Ohio Homebuyer Plus savings account will be closed after five years unless used for an Ohio home purchase as indicated on your disclosures. The account must maintain a minimum balance of at least $100 and cannot exceed a maximum amount of $100,000. Membership Eligibility is required. The Ohio Homebuyer Plus account must be open for a minimum of 6-months to qualify for the closing costs credit. Limit one credit per mortgage transaction. Additional restrictions may apply, speak to a mortgage originator for details. Subject to change without notice.
The Ohio Homebuyer Plus savings account will be closed after five years unless used for an Ohio home purchase as indicated on your disclosures. The account must maintain a minimum balance of at least $100 and cannot exceed a maximum amount of $100,000. Membership Eligibility is required. The Ohio Homebuyer Plus account must be open for a minimum of 6-months to qualify for the closing costs credit. Limit one credit per mortgage transaction. Additional restrictions may apply, speak to a mortgage originator for details. Subject to change without notice.
*APY=Annual Percentage Yield. APY subject to change without notice.
The Ohio Homebuyer Plus savings account will be closed after five years unless used for an Ohio home purchase as indicated on your disclosures. The account must maintain a minimum balance of at least $100 and cannot exceed a maximum amount of $100,000. Membership Eligibility is required.
The Ohio Homebuyer Plus account must be open for a minimum of 6-months to qualify for the closing costs credit. A credit of up to $500 will be applied towards eligible closing costs on a first position purchase mortgage originated with Hancock Federal Credit Union. The home and borrower must meet all eligibility requirements as outlined in the Ohio Homebuyer Plus Participation Statement, as issued by the State of Ohio, and HFCU underwriting guidelines. Limit one credit per mortgage transaction. Additional restrictions may apply, speak to a mortgage originator for details. Subject to change without notice.
The Ohio Homebuyer Plus savings account will be closed after five years unless used for an Ohio home purchase as indicated on your disclosures. The account must maintain a minimum balance of at least $100 and cannot exceed a maximum amount of $100,000. Membership Eligibility is required.
The Ohio Homebuyer Plus account must be open for a minimum of 6-months to qualify for the closing costs credit. A credit of up to $500 will be applied towards eligible closing costs on a first position purchase mortgage originated with Hancock Federal Credit Union. The home and borrower must meet all eligibility requirements as outlined in the Ohio Homebuyer Plus Participation Statement, as issued by the State of Ohio, and HFCU underwriting guidelines. Limit one credit per mortgage transaction. Additional restrictions may apply, speak to a mortgage originator for details. Subject to change without notice.